Among many parties interested in the cyber(1) market, investors are pushing their way to the top of the list. Venture capital (“VC”) firms, in particular, appear enthusiastic about growth prospects.
In an interview last week, Lockheed Martin CEO Marillyn Hewson expressed optimism about the F-35 Joint Strike Fighter, which has experienced numerous setbacks and budget overruns throughout its development.
Over the past week, members of the Senate Armed Services Committee (“SASC”) put increased pressure on Defense Secretary Chuck Hagel to provide the DoD’s 2013 sequestration plan for the first portion of planned military cuts.
The month of April included several notable cybersecurity and Big Data headlines, as well as numerous M&A and venture capital (“VC”) transactions. The Associated Press’ Twitter account was hacked by the “Syrian Electronic Army,” which released erroneous tweets about a bombing at the White House, sending the stock market into a brief panic before rebounding.
Details emerged on Friday surrounding the DoD’s planned budget reprogramming request, which the department had said would be necessary to address funding shortfalls in certain accounts that came as a result of the continuing resolution (“CR”) and sequestration.
Despite the broad budget stagnation across Federal government agencies, the Department of Veterans Affairs (“VA”) continues to offer growth opportunities for the government contracting community, specifically those with IT qualifications.
U.S. Air Force Secretary Michael Donley announced that he will be stepping down on June 21. Donley’s five years at the service were largely focused on overseeing the Air Force’s transition from operations in the Middle East towards a heavier presence in the Pacific, and were marked by his successful effort to enter the new long-range bomber as a program of record.
As federal agencies scramble to secure their information systems from cyberattacks and other security risks, as well as increase efforts to meet administrative cybersecurity goals, a new concern is beginning to gain more attention within agencies – the steady need for experienced cybersecurity professionals.